The Bubble that Broke the World
June 22, 2020
More credit is not the panacea for debt! That is the message from Garet Garrett’s 1932 book, the Bubble that Broke the World. The overuse of debt was a critical cause of the Great Depression (I detailed the other causes here and here). America was a funder of WW1 before entering the war and extended … More The Bubble that Broke the World